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the rates. think about it. we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said the president will veto
-- ronald reagan as president -- worked together to make our tax code more logical, more equitable, and more efficient. ten years later, divided government produced a sweeping overhaul of our welfare system, under then-president bill clinton. conservative republicans joined with a democratic president to help millions of lower-income people break free of the cycle of dependency and despair. of course, we know we've had divided government. as i said earlier, we really had a status quo election in that sense. we've had divided government since january 2011 when republicans regained the majority in the house of representatives. the result over the last two years, sadly, it has produced legislative stalemates and bitter recriminations. why should anybody expect that things will be different going forward? i think, mr. president, what's different now from then is that republicans and democrats alike recognize we are at a crossroads, that our current fiscal path is unsustainable, and that we're either going to send the economy back into a recession -- unless we deal with the fiscal cliff and the s
Search Results 0 to 1 of about 2